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Business, 18.06.2020 00:57 makaylashrout77

Mikey's Bar and Grill has total assets of $20 million, of which $14 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Mikey's gross plant and equipment has a book value of $17.0 million, and other long-term assets have a book value of $700,000. Required:
What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill’s balance sheet?

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Mikey's Bar and Grill has total assets of $20 million, of which $14 million are current assets. Cash...
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